Exhibit 10.1

                              EMPLOYMENT AGREEMENT

         This Employment  Agreement (the  "Agreement") is entered into effective
as of March 26, 2004 by and between  Scott Newman  ("Employee")  and  Conversion
Services International, Inc. (the "Company").

         WHEREAS, the Company is engaged in the business of data warehousing and
business intelligence consulting; and

         WHEREAS, the Company and Employee are willing to commence an employment
relationship,  on  the  terms,  conditions  and  covenants  set  forth  in  this
Agreement;

         NOW,  THEREFORE,   in  consideration  of  Employee's   commencement  of
employment with the Company,  the mutual  covenants  contained  herein and other
good and valuable  consideration,  the receipt of which the Company and Employee
hereby acknowledge, Employee and the Company agree, as follows:

         1. Position.  Employee agrees to employment  with the Company,  and the
Company  hereby  employs  Employee,  in the  position  of  President  and  Chief
Executive  Officer of the Company.  Employee  further  agrees to perform the job
duties and to carry out the  responsibilities  of that position,  and such other
duties and  responsibilities  traditionally  associated  with such position,  as
determined by the Board of Directors of the Company from time to time.

         2. Employee's Effort. Employee shall perform his duties in the capacity
as an employee and in such  capacity  shall spend his full working time and best
efforts,  skill and  attention to his position and to the business and interests
of the Company.  Employee shall perform his duties principally at the offices of
the Company in East Hanover, New Jersey.

         3. Salary.

                  (a) The Company shall pay Employee (i) base  compensation (the
"Salary") for services  rendered in the amount of Five Hundred  Thousand Dollars
($500,000)  per annum payable on a semi-monthly  basis (which base  compensation
may  be  increased  by the  Board  of  Directors  of the  Company,  in its  sole
discretion), and (ii) annual bonus, if any, as may be determined by the Board of
Directors of the Company, in its sole discretion.

                  (b)  Employee  will be  entitled to  participate  in any bonus
plan,  incentive  compensation  program or incentive  stock option plan or other
employee  benefits of the Company and which are  available  to the five  highest
paid  executives  of the  Company,  on the same  terms and at the same  level of
participation as the five highest paid executives of the Company.


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         4. Benefits.

                  (a)  Employee  will be  entitled  to at  least  nine  (9) paid
holidays and two (2) personal days each calendar  year.  The Company will notify
Employee on or about the  beginning  of each  calendar  year with respect to the
holiday  schedule  for the  coming  year.  Personal  holidays,  if any,  will be
scheduled in advance subject to requirements of the Company.  Such holidays must
be taken  during the calendar  year and cannot be carried  forward into the next
year.
                  (b)  Employee  shall be  entitled  to  twenty  five  (25) paid
vacation days each year, and if unused due to the  requirements of the Company's
business may be carried forward into subsequent years.

                  (c)  Employee  shall be entitled  to sick leave and  emergency
leave  according  to  the  regular  policies  and  procedures  of  the  Company.
Additional  sick leave or emergency  leave over and above paid leave provided by
the Company,  if any,  shall be unpaid and shall be granted at the discretion of
the Board of Directors or any committee thereof.

                  (d) The  Company  agrees  to  include  Employee  in the  group
medical and hospital  plan of the Company and provide  group life  insurance for
Employee  at no charge to  Employee  in the  amount of the  Salary  during  this
Agreement.  Employee  shall be  responsible  for payment of any federal or state
income tax imposed upon these benefits.

                  (e) Employee  shall be entitled to  participate in any pension
or profit  sharing plan,  incentive  stock option plan or any other type of plan
adopted by the Company for the benefit of its officers and/or regular employees.

                  (f)  The  Company  will  provide  to  Employee  the  use of an
automobile of Employee's  choice at a monthly leased price not to exceed $2,000.
The  Company  agrees to  replace  the  automobile  with a new one at  Employee's
request no more often than once every two (2) years.  The  Company  will pay all
automobile  operating  expenses  incurred  by  Employee  in the  performance  of
Employee's  Company  duties.  The Company  will procure and maintain in force an
automobile  liability  policy  for  the  automobile  with  coverage,   including
Employee,  in the minimum amount of $1,000,000  combined  single limit on bodily
injury and property damage.

                  (g)  Employee  shall  be  entitled  to  reimbursement  for all
reasonable expenses, including travel and entertainment, incurred by Employee in
the performance of Employee's duties. Employee will maintain records and written
receipt as required by the Company policy and reasonably  requested by the Board
of Directors of the Company to substantiate such expenses.

         5. Term; Termination.  This Agreement and the status and obligations of
Employee thereunder as an employee of the Company (except as provided for below)
shall cease and terminate effective upon the close of business on March 25, 2009
(the "Expiration Date") unless earlier terminated  pursuant to this Section 5 or
further  extended  by the  parties  hereto in writing in a separate  instrument;
provided,  however,  that upon such date said  termination  shall not affect any
rights  that may have been  specifically  granted  to  Employee  by the Board of
Directors of the Company or a designated  committee  thereof  pursuant to any of
the Company's retirement plans,  supplementary  retirement plans, profit sharing
and  savings  plans,  healthcare,  401(k) or any other  employee  benefit  plans


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<PAGE>

sponsored by the Company,  it being  understood  that no such rights are granted
hereunder.  In  addition,  notwithstanding  the  expiry or  termination  of this
Agreement  pursuant  to this  Section  5 or  otherwise,  Employee's  rights  and
obligations  under  Sections  7 through 12  inclusive  of this  Agreement  shall
survive such  termination or expiration of this Agreement in accordance with the
terms of such Sections.

                  (a) Death or Disability.  This Agreement  shall  automatically
termiante upon the death or disability of Employee and all his rights hereunder,
including the rights to receive  compensation and benefits,  except as otherwise
required by law.

                  (b)  Termination  with Notice by Either Party.  The Company or
Employee may  terminate  this  Agreement for any reason or no reason upon thirty
(30) days prior  written  notice to the  other.  In case of  termination  by the
Company, with the exception of Good Cause (as herein defined), the Company shall
pay  Employee  severance  compensation,  in a lump  sum  payable  on the date of
termination,  calculated  at the  rate  of  Salary  in  effect  as of  the  date
immediately  preceding the date of termination  and the cost of premiums for any
Company  sponsored  insurance  policy (or the cash equivalent) for the longer of
(i)  thirty-six  months  (36)  months  or  (ii)  the  period  from  the  date of
termination through the Expiration Date.

                  (c) Termination for Good Cause.  "Good Cause" means any one or
more of the following:

(1) a continuing  material breach or continuing  material default by Employee of
the material terms of this Agreement (except any such breach or default which is
caused by the physical  disability or death of Employee)  which remains  uncured
after twenty (20) days following  Employee's receipt from the Company of written
notice specifying such breach or default;

(2) gross  negligence  or  willful  misfeasance  by  Employee  or the  breach of
fiduciary  duty  by  Employee  (if  affirmatively  determined  by the  Board  of
Directors  of the  Company)  in the  performance  of his  duties as an  employee
hereunder;

(3) the  commission  by Employee of an act of fraud,  embezzlement  or any other
crime in connection with Employee's duties; or

(4) conviction of Employee of a felony or any other crime that would  materially
interfere with the performance of Employee's duties hereunder.

                  In the event of a termination for Good Cause, the Company will
pay  Employee  the Base  Salary  earned  and  expenses  reimbursable  under this
Agreement  incurred through the date of Employee's  termination,  or twenty-four
(24) months from the effective date of this Agreement,  whichever is longer,  in
one lump sum.  Employee shall continue to receive the same health  benefits that
he was receiving prior to such termination for twenty-four (24) months following
such termination.


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<PAGE>

         6. Change in Control and Other Grounds Entitling Employee to Terminate.
"Change in Control" shall mean (a) any sale,  lease,  exchange or other transfer
(in one transaction or a series of transactions) of all or substantially  all of
the assets of the Company; (b) individuals who, as of the date hereof, consitute
the entire Board of Directors of the Company (the "Incumbant  Directors")  cease
for any reason to  constitute  at least a majority of the Board of  Directors of
such company, provided that any individual becoming a director subsequent to the
date hereof whose  election was approved by a vote of at least a majority of the
then  Incumbant  Directors  shall  be,  for  the  purposes  of  this  provision,
considered  as  though  such  individual  were an  incumbant  director;  (c) any
consolidation  or merger or other  business  combination of the Company with any
other  entity where the  stockholders  of the Company  immediately  prior to the
consolidation  or merger or other business  combination  would not,  immediately
after the  consolidation or merger or other business  combination,  beneficially
own,  directly or  indirectly,  shares  representing  fifty percent (50%) of the
combined voting power of all of the outstanding securities of the entity issuing
cash or securities in the consolidation or merger or other business  combination
(or its ultimate parent  corporation,  if any); (d) a third person,  including a
person defined in Section  (13)(d)(3) of the Securites  Exchange Act of 1934, as
amended (the "Exchange Act"), becomes the benefical owner (as defined in Section
(13)(d)(3)  of the  Exchange  Act)  directly or  indirectly  of securites of the
Company  representing  fifty  percent (50%) or more of the total number of votes
that may be cast for the election of the  directors  of the Company;  or (e) the
Board of  Directors  of the Company by vote of a majority of all the  directors,
adopts a  resolution  to the effect that a "Change in Control"  has occurred for
purposes of this Agreement.

                  (a) A Change in Control in the Company resulting in a material
adverse change in duties,  responsibilities or role, or reporting  relationships
of Employee will be treated as a termination by the Company  without Good Cause.
If such  termination  without Good Cause  occurs  following a Change in Control,
Employee will be entitled to elect to terminate his employment  hereunder and to
receive his  severance  compensation  and other rights and benefits  pursuant to
Section  5(a) as if he were  terminated  by the Company  without  Good Cause and
expenses  reimbursable  under  this  Agreement  incurred  through  the  date  of
Employee's termination, in one lump sum.

                  (b) Upon a  Change  in  Control,  100% of all  unvested  stock
options and/or restricted shares held by Employee shall immediately vest.

                  (c)  Further,   any  of  the  following  shall   constitute  a
termination  by the Company  without Good Cause  entitling  Employee to elect to
terminate his employment hereunder and to receive his severance compensation and
other rights and benefits  pursuant to Section 5(a) as if he were  terminated by
the Company  without Good Cause:  (i) the  relocation of Employee by the Company
more  than 50 miles  from  East  Hanover,  New  Jersey;  (ii)  there  shall be a
continuing  material breach or continuing material default by the Company of the
material  terms of this Agreement  which remains  uncured after twenty (20) days
following the Company's  receipt from Employee of written notice specifying such
breach or  default;  or (iii) if Employee  shall no longer hold the  position of
President and Chief Executive  Officer of the Company unless there is Good Cause
for the removal of Employee from such position.


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<PAGE>

         7.  Confidentiality.  Employee shall keep  confidential,  except as the
Company may  otherwise  consent in writing,  and not disclose or make any use of
except for the benefit of the  Company,  at any time  either  during the term of
this  Agreement  or  therafter,  any  trade  secrets,  knowledge,  data or other
information  of the  Company  relating  to the  products,  processes,  know how,
technical data, designs,  formulas,  test data, customer lists,  business plans,
marketing plans and strategies,  and product pricing strategies or other subject
matter  pertaining  to any  business  of  the  Company  or  any of its  clients,
customers,  consultants,  licensees or  affiliates  which  Employee may produce,
obtain or  otherwise  learn of during the course of  Employee's  performance  of
services (collectively "Confidential Information").  Employee shall not deliver,
reproduce, or in any way allow any such Confidential Information to be delivered
to or used by any third parties  without the specific  direction or consent of a
duly  authorized  representative  of the Company,  except in connection with the
dischage of his duties  thereunder.  The terms of this  paragraph  shall survive
termination of this Agreement.  Notwithstanding anything to the contrary herein,
Employee shall not have any obligation to keep confidential any information (and
the  term  "Confidential  Information"  shall  not  be  deemed  to  include  any
information)  that (a) is generally  available to the public through no fault or
wrongful act of Employee in breach of the terms hereof,  (b) is  disseminated by
the Company or any of its affiliates publicly without requiring confidentiality,
(c) is required by law or  regulation  to be disclosed  by  Employee,  or (d) is
required to be disclosed by Employee to any government  agency or person to whom
disclosure is required by judicial or administrative process.

         8.  Return  of  Confidential  Material.  Upon the  completion  or other
termination  of Employee's  services for the Company,  Employee  shall  promptly
surrender  and  deliver  to  the  Company  all  records,  materials,  equipment,
drawings,  documents,  notes and books and data of any nature  pertaining to any
invention,  trade  secret  or  Confidential  Information  of the  Company  or to
Employee's  services,  and  Employee  will  not take  with  him any  description
containing or pertaining to any Confidential  Information,  knowledge or data of
the  Company  which  Employee  may  produce  or obtain  during the course of his
services.  The  terms  of  this  paragraph  shall  survive  termination  of this
Agreement.

         9.  Competition.  Employee  will  not do any of the  following,  either
directly or indirectly, during Employee's employment with the Company and during
the period of one (1) year after  Employee's  cessation of  employment  with the
Company,  anywhere in the world. In the event that Employee  improperly competes
with the  Company in  violation  of this  Section,  the period  during  which he
engages in such competition  shall not be counted in determining the duration of
the one (1) year non-compete restriction:

                  (a) For  purposes of this  Agreement,  "Competitive  Activity"
shall  mean any  activity  relating  to, in respect  of or in  connection  with,
directly  or  indirectly,   the  data  warehousing  and  business   intelligence
consulting business.

                  (b) Employee shall not own, manage, operate,  control, consult
for, be an officer or director  of, work for, or be employed in any  capacity by
any company or any other business,  entity, agency or organization which engages
in Competitive  Activity;  provided,  however, that during his employment by the
Company and during his non-compete period following  departure from the Company,


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<PAGE>

Employee  may serve as a director  or  consultant  of an entity that is either a
Company  licensee,  or,  for  non-licensees,  in such  capacity  as the Board of
Directors of the Company has granted him written permission.

                  (c)  Employee  shall  not  solicit  or  perform   services  in
connection with any Competitive  Activity for any prior or current  customers of
the Company; or

                  (d) Employee  shall not solicit for  employment  or employ any
then current employees employed by the Company without the Company's consent.

                  Employee  and the  Company  agree that the phrase  "Employee's
cessation of employment with the Company" as used in this  Agreement,  refers to
any  separation  from  his  employment  at the  Company  either  voluntarily  or
involuntarily,  either with cause or without cause, or whether the separation is
at the  behest of the  Company or  Employee.  Nothing  in this  Agreement  shall
preclude   Employee  from  employment  at  a   not-for-profit   or  governmental
institution,  provided that no for-profit business involved data warehousing and
business intelligence consulting, directly or indirectly, derives a benefit from
Employee's employment.

         10.      Other Obligations.

                  (a) Employee  acknowledges  that the Company from time to time
may have agreements with other persons which impose  obligations or restrictions
on the  Company  made  during the course of work  thereunder  or  regarding  the
confidential nature of such work. Employee will be bound by all such obligations
and restrictions and will take all action necessary to discharge the obligations
of the Company thereunder.

                  (b) All of Employee's  obligations  under this Agreement shall
be subject to any applicable agreements with, and policies issued by the Company
to which Employee is subject,  that are generally applicable to the five highest
paid executives of the Company.

         11. Trade Secrets of Others.  Employee  represents that his performance
of all the terms of this  Agreement as employee to the Company does not and will
not  breach  any  agreement  to  keep  in  confidence  proprietary  information,
knowledge or data acquired by Employee in  confidence or in trust,  and Employee
will not disclose to the Company,  or allow the Company to use, any confidential
or proprietary  information or material belonging to any other person or entity.
Employee will not enter into any agreement,  either written or oral, which is in
conflict with this Agreement.

         12.  Injunctive  Relief.  Employee  acknowledges  that  any  breach  or
attempted  breach by Employee of paragraphs 7 through 12 of this Agreement shall
cause the Company  irreparable harm for which any adequate  monetary remedy does
not exist.  Accordingly,  in the event of any such breach or threatened  breach,
the Company shall be entitled to obtain injunctive relief, without the necessity
of posting a bond or other surety, restraining such breach or threatened breach.

         13.  Modification.   This  Agreement  may  not  be  changed,  modified,
released,  discharged,  abandoned,  or otherwise  amended,  in whole or in part,
except by an instrument in writing,  signed by Employee and by the Company.  Any


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<PAGE>

subsequent  change or changes in  Employee's  relationship  with the  Company or
Employee's  compensation  shall  not  affect  the  validity  or  scope  of  this
Agreement.

         14. Entire Agreement.  Employee acknowledges receipt of this Agreement,
and agrees that with respect to the subject  matter  thereof,  it is  Employee's
entire  agreement  with the Company,  superseding  any previous  oral or written
communications,  representations,  understandings with the Company or any office
or representative  thereof.  Each party to the Agreement  acknowledges  that, in
executing this Agreement,  such party has had the opportunity to seek the advice
of independent  legal counsel,  and has read and understood all of the terms and
provisions of the Agreement.

         15. Severability.  In the event that any paragraph or provision of this
Agreement  shall be held to be illegal or  unenforceable,  the entire  Agreement
shall not fall on account thereof,  but shall otherwise remain in full force and
effect,  and such paragraph or provision shall be enforced to the maximum extent
permissible.

         16.  Successors  and  Assigns.  This  Agreement  shall be binding  upon
Employee's heirs,  executors,  administrators or other legal representatives and
is for the benefit of the Company, its successors and assigns.

         17.  Governing Law. This Agreement shall be governed by the laws of the
State of  Delaware  except for any  conflicts  of law rules  thereof  that might
direct the application of the substantive law of another state.

         18.  Counterparts.  This Agreement may be signed in counterparts and by
facsimile  transmission,  each of which shall be deemed an original  and both of
which shall together constitute one agreement.

         19. No Waiver.  No waiver by either  party hereto of any breach of this
Agreement by the other party hereto shall  constitute a waiver of any subsequent
breach.

         20. Notice.  Any notice hereby  required or permitted to be given shall
be sufficiently  given if in writing and upon mailing by registered or certified
mail,  postage  prepaid,  to either  party at the  address of such party or such
other address as shall have been  designated by written  notice by such party to
the other party.


                            [Signature Page Follows]


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<PAGE>


         The undersigned have executed this Agreement as of the date first forth
above.


                                    CONVERSION SERVICES INTERNATIONAL, INC.



                                    By: /s/ Glenn Peipert
                                        -----------------------------------
                                        Name:  Glenn Peipert
                                        Title: Executive Vice President and
                                               Chief Operating Officer


                                    /s/ Scott Newman
                                    -----------------------------------
                                    Scott Newman
                                    President and Chief Executive Officer



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